Connect with us
European Gaming Congress 2024

Fintech PR

EQT sets target fund size for EQT Private Capital Asia’s BPEA IX at USD 12.5 billion

Published

on

eqt-sets-target-fund-size-for-eqt-private-capital-asia’s-bpea-ix-at-usd-12.5-billion

STOCKHOLM, Aug. 14, 2024 /PRNewswire/ — EQT has today set the target size for EQT Private Capital Asia’s BPEA Private Equity Fund IX (the “Fund” or “BPEA IX”) at USD 12.5 billion. The actual fund size is dependent on the outcome of the fundraising process and may be higher or lower than the target size; the hard cap of the fund will be set at a later date. BPEA IX’s investment strategy is expected to be materially in line with the predecessor fund, BPEA VIII.

To ensure continuity between two fund generations, EQT’s capital raisings usually follow a cycle with successor funds targeted to be in a position to commence investment activities when the predecessor fund is close to being fully invested. This means that the commitment period of the predecessor fund typically ends when approximately 80 to 90 percent of its total commitments are invested, with remaining commitments being available primarily for add-on acquisitions and strategic capital injections as well as for ongoing expenses.

Management fee for BPEA IX may be charged from the initial closing of the Fund (or a later date designated by EQT in its sole discretion). Management fee on BPEA VIII will thereafter be based on net invested capital at the fee rate applicable post the commitment period.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, [email protected], +46 8 506 55 334

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of BPEA IX will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

THIS IS INFORMATION THAT EQT AB (PUBL) IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION. THE INFORMATION WAS SUBMITTED FOR PUBLICATION, THROUGH THE AGENCY OF THE CONTACT PERSON SET OUT BELOW AT 18:00 CEST ON 14 AUGUST 2024.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-sets-target-fund-size-for-eqt-private-capital-asia-s-bpea-ix-at-usd-12-5-billion,c4024502

The following files are available for download:

Advertisement

 

View original content:https://www.prnewswire.co.uk/news-releases/eqt-sets-target-fund-size-for-eqt-private-capital-asias-bpea-ix-at-usd-12-5-billion-302222586.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

Everest Group Names SS&C Blue Prism a Leader for Seventh Consecutive Year in RPA Products PEAK Matrix® 2024

Published

on

everest-group-names-ss&c-blue-prism-a-leader-for-seventh-consecutive-year-in-rpa-products-peak-matrix-2024

WINDSOR, Conn., Oct. 22, 2024 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced SS&C Blue Prism has been named a Robotic Process Automation (RPA) Leader in the Everest Group Robotic Process Automation (RPA) Products PEAK Matrix® Assessment 2024.

“SS&C BluePrism’s strong vision and roadmap, market presence, depth and breadth of RPA capabilities, and its ability to offer a unified platform with AI, orchestration, APIs, and process intelligence have helped reinforce its position as a Leader on Everest Group’s RPA Products PEAK Matrix® 2024,” says Amardeep Modi, Vice President at Everest Group. “Clients have highlighted the product’s ease of use, scalability, and resilience, as well as the availability of robust support and training as its key strengths.”

This assessment analyzes the changing dynamics of the global RPA landscape and 27 technology providers across several key dimensions. The SS&C Blue Prism assessment included the analysis of year-over-year growth, vision and strategy, client feedback on value and satisfaction and the company’s breadth of coverage of industries and enterprise size segments.

“We’re delighted with SS&C Blue Prism’s leading position on Everest Group’s RPA Products PEAK Matrix®,” said Rob Stone, Senior Vice President and General Manager, SS&C Technologies. “This year’s recognition demonstrates the continued impact we’re making in the market and the strength of our vision and capability. We empower our clients through cutting-edge enterprise AI, automation, and orchestration.”

The RPA Products PEAK Matrix® Assessment 2024 also measures SS&C Blue Prism’s commercial and sales model flexibility, progressiveness and client adoption of available commercial models as part of its ability to successfully deliver products.

SS&C Blue Prism digitizes operations across financial services, insurance, health and pharma, banking and more. Speak to an expert about SS&C Blue Prism’s intelligent automation offering.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on Twitter, LinkedIn and Facebook.

Advertisement

Logo – https://mma.prnewswire.com/media/692536/SSC_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/everest-group-names-ssc-blue-prism-a-leader-for-seventh-consecutive-year-in-rpa-products-peak-matrix-2024-302282540.html

Continue Reading

Fintech PR

COCA Celebrated Major Achievements in Q3 2024 with Product Innovations and Community Milestones

Published

on

coca-celebrated-major-achievements-in-q3-2024-with-product-innovations-and-community-milestones

LONDON, Oct. 22, 2024 /PRNewswire/ — COCA, the pioneering crypto super app, reported an outstanding Q3 2024, marked by significant product launches, increased user adoption, and vibrant community activities. As the company moved into Q4, it reflected on a quarter that saw various innovations, including the launch of the world’s first Solana-enabled MPC wallet, physical debit cards, and strategic partnerships, which drove both platform growth and user engagement.

A Quarter of Unprecedented Growth and Innovation

COCA experienced substantial growth in Q3, surpassing 138,000 total unique users and 600,000 wallets. Over 9,000 debit cards were ordered and a total transaction volume exceeded EUR 750,000, demonstrating the increasing popularity of COCA’s offerings.

Key highlights included:

  • Launch of Physical COCA Debit Cards: COCA introduced physical debit cards that integrated with the app, enabling users to make everyday crypto payments at millions of merchants worldwide, wherever Mastercard was accepted.
  • Revolut Pay Integration: Users gained the ability to fund their COCA wallets quickly and securely through Revolut Pay, which simplified access to digital assets.
  • Stellar Blockchain for Cost-Effective Top-Ups: The addition of $USDC top-ups via the Stellar blockchain ensured faster and more cost-effective transactions for users.
  • BASE Chain Integration: The COCA wallet expanded its capabilities by supporting the BASE chain, a Layer-2 Ethereum network developed by Coinbase, enhancing scalability, reducing costs, and accelerating settlement times.
  • Solana-Enabled MPC Wallet and Card: COCA launched the world’s first Solana-enabled MPC wallet and debit card, combining top-notch security with the speed of the Solana network, which allows users to transact with SOL coins seamlessly and spend them globally.

Community Engagement and Strategic Partnerships

COCA’s community initiatives flourished throughout the quarter:

  • COCA Points Program: Season 2 concluded with over 22,000 new participants, awarding $3,500 and five Wirex Pay Nodes to top users. Season 3 launched with 11,000 users already participating.
  • First-Ever Meme Competition: The company’s Discord saw a surge in creative content during a meme competition, where participants competed for a $150 prize pool, showcasing the community’s creativity.
  • Partnership with Whale by Wirex: The integration with Whale, a Web3 mini-app, offered users ways to earn $WXW tokens by completing blockchain and AI-related quests, providing engaging learning opportunities and rewards.
  • Farcaster Presence and New Support Webpage: COCA expanded its digital presence by joining Farcaster, a decentralized social network, and launched a revamped support page featuring comprehensive resources for users.

Pavel Matveev, COCA’s Strategy and Product Advisor, remarked: “Q3 2024 was a transformational period for COCA, with substantial strides in product development and community engagement. Our innovations, from Solana-enabled MPC wallets to physical debit cards, positioned us at the forefront of the evolving crypto landscape. As we move forward, we remain committed to driving mass adoption through continuous innovation.”

For more details on COCA’s recent advancements and to participate in the ongoing COCA Points Program, visit coca.xyz.

About COCA

COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.

Photo: https://mma.prnewswire.com/media/2536968/COCA_Big_Wins_Q3_2024.jpg
Logo: https://mma.prnewswire.com/media/2338075/4981231/COCA_Logo.jpg

COCA Logo

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/coca-celebrated-major-achievements-in-q3-2024-with-product-innovations-and-community-milestones-302282961.html

Advertisement
Continue Reading

Fintech PR

H.I.G. Capital Acquires Rainham Industrial Services

Published

on

hig.-capital-acquires-rainham-industrial-services

LONDON, Oct. 22, 2024 /PRNewswire/ — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $65 billion of capital under management, is pleased to announce that one of its affiliates has acquired Rainham Industrial Services Limited (“Rainham” or the “Company”), a leading UK provider of industrial installation, maintenance, and refurbishment services to the power generation, energy from waste, nuclear and manufacturing sectors. The Company’s executive management, which currently owns the business, will reinvest alongside H.I.G. Terms of the transaction were not disclosed.

Rainham provides clients with mechanical, access, insulation, painting, and cleaning services in demanding industrial end markets. It operates from four locations across the UK and has built a strong reputation for quality delivery and an award-winning health and safety capability.

Rainham’s existing management team will remain in place to continue driving the Company’s growth and future development. Rainham benefits from exposure to an ageing UK industrial base and a growing power generation market, as well as customer relationships that span decades. The Company also intends to grow and expand its service offering through selective M&A.

Tim McCarthy, CEO of Rainham, said, “Rainham has built its success by focusing on exceptional service, quality, and safety, which will continue to be the cornerstones of the business going forward. We are excited for the future and believe that by working closely with H.I.G., we can continue to deliver growth in a large and growing end-market.”

John Harper, Managing Director of H.I.G. in London, said, “The UK’s industrial and infrastructure base is set for significant transformation in coming years. We are excited to partner with Rainham’s highly experienced management team to build on their success to date, delivering critical maintenance and development services to asset owners. We both see significant scope for growing the business in adjacent sectors and add-on acquisitions.”

About Rainham Industrial Services

Rainham provides specialist industrial services that support the installation, maintenance, refurbishment, decommissioning and replacement of large industrial plants and infrastructure sites. The business covers the UK from four offices and serves the power generation, energy from waste, nuclear, petrochemical and manufacturing sectors. For more details see rainhamis.com.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $65 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong. H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

  • H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  • H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
  • H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
  • H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.

Advertisement

Contact:

John Harper
Managing Director
[email protected]

Adam Taylor
Principal
[email protected]

H.I.G. Capital
10 Grosvenor Street
2nd Floor
London W1K 4QB
United Kingdom
P +44 (0) 207 318 5700
hig.com

Logo – https://mma.prnewswire.com/media/2524016/HIG_Europe_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/hig-capital-acquires-rainham-industrial-services-302282313.html

Continue Reading
Advertisement
Advertisement European Gaming Congress 2024

Latest news

Trending